Jim Cramer's Mad Dash: Buy Take-Two, Michael Kors

NEW YORK (TheStreet) -- Take-Two Interactive Software (TTWO) is selling off slightly after reporting earnings, despite beating on top and bottom line estimates. 

But TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, didn't agree with the selling. "You want to buy Take-Two, not sell it," he said on CNBC's "Cramer's Mad Dash" segment. 

The company has $8 per share in cash, is monetizing "all of its different assets" and continues to roll out new franchises, he added. 

Turning to Fossil (FOSL), Cramer said the company is "not doing a great job" and has "very poor execution." The stock is down roughly 8% in early Wednesday trading after the company reported earnings. The retailer continues to do well in Europe, but is still struggling in the U.S. 

Instead, Cramer concluded that Michael Kors (KORS) "can go higher." 

-- Written by Bret Kenwell in Petoskey, Mich.

>>Read More: Another Reason Why Facebook Is Better Than Twitter

>>Read More: Bristol, Celldex Collaborating on Cancer Immunotherapy Study

>>Read More: Volkswagen Launches the People's Electric Car

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

3 New Investing Myths That Must Be Busted

3 New Investing Myths That Must Be Busted

Why a Global Stock Market Crash Is Coming

Why a Global Stock Market Crash Is Coming

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry